Banking, Finance & Insurance

Hi Roni,
Banking is a career that offers opportunities to students from all streams, be it humanities, commerce or science. However, to make a career in banking, you must be good at analyzing numbers, that is, your mathematics must be strong enough to interpret and analyse numerical data. You must be prepared for the Banking Entrance Exams and for the interviews that follow these entrance examinations.
An undergraduate degree is essential to kick start your career in banking-
B.COM Bnaking and Finance
BBA Finance
B.A Economics
Thereafter, you can sit for Bank PO exams or go ahead with higher education-
MBA Banking & Finance
PG Diploma in Banking & Operations
M.COM
PG Diploma in Financial Planning and Wealth Management
The essential skills-
Skills required
Team leadership qualities
Integrity, confidentiality and honesty in all dealings with money, customers & staff
Foreign exchange transactions need an analytical, quick and mature mind
Good communications skills in speech & writing
Numerical aptitude
Well-organised mind and well-rounded personality
Employment Opportunities-
Public sector Banks
Private sector banks
Multinational Banks
All financial institutions
Also refer-
https://www.shiksha.com/getArticleDetail/2036/Banking-For-A-Career
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Hi Roni,
Banking professionals handle clients money - In simplistic terms, they help individuals & corporates with their investments, loans and all other money related issues.
Ideally the job requires a postgraduate degree or diploma in business administration (MBA) / Economics / commerce or a Chartered Accountancy graduate.
You can also go for banking exams. A bank probationary officer is the starting level for class I officers in banking sector. The candidates are selected through written examination followed by GD and Interview. Probationary officers are trained to work in different functions such as admin, operations, accounts, marketing, finance, investment, etc. Thereafter candidates are posted as Asst Manager in any of the bank branches. Industry estimates suggest 20,000 to 50,000 PO vacancies every year in the first half of this decade. The current demand is like a dream come true for the government job aspirants.
You can refer the articles for more information:
https://www.shiksha.com/start-preparing-for-a-banking-career-along-with-po-coaching-article-3839-1
https://www.shiksha.com/getArticleDetail/942/Career-In-Banking?token=aa&page=1
Hope it helps. Please feel free to revert. Click on the thumbs up if you found this useful.
Wish You Luck!

Hi Anil,
Banking professionals handle clients money - In simplistic terms, they help individuals & corporates with their investments, loans and all other money related issues.
Once you complete a selective professional course in banking, you will immediately be offered a position as a banking sales officer with the private banks. Of course, your technical skills and basic communication skills do matter in the process.
Banks such as ICICI, HSBC, Kotak Mahindra, HDFC, Standard Chartered, Barclay's, and American Express are some of the companies that hire banking students at all levels depending on the colleges they are recruiting from.
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Hi Anil,
The position of a Probationary Officer (PO) is one of the most coveted in bank jobs – because it offers good compensation, job security and is well-respected in society. Bank PO exam is a professional-level entrance exam through which banks induct eligible graduates for jobs on probation for a period of two years.
After clearing PO exam you will be appointed by about 19 participating public sector banks recruit their POs/MTs through this exam.
The scores are used by a few other Banks and Financial Institutions like IDBI Bank, ECGC etc for selection for entry level Officers' posts.
Bank PO jobs usually have an entry-level package of Rs 20,000 to Rs 25,000, with attractive perks.
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Hi Anil,
Banking activities are at the heart of the modern system. Banks are typically the most important groups among financial institutions and involved in channeling funds between lenders and borrowers. The programme has been specially designed for those who want to aspire to make a career in Banking and Insurance.
Banking and Insurance programme aims to impart knowledge and a broad understanding of the Banking and Insurance industry. These programmes prepare students for a career in the sunrise sectors of the economy Banking & Finance, Insurance.
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Hi Anil,
Bachelors in Accounting and Finance is an under graduate course of 3 years duration which focuses on the study of various principles in the field of Accounting and Finance.
Below is the list of higher study options available after successfully completing BAF:-
Masters in Cost Control and Control Accounts
Masters in Corporate Accountancy
Masters in Advanced Accountancy
Masters in Accounting and Finance
Masters in Accounting and Taxation
Masters in Accounting and Auditing
Masters in Accountancy and Business Statistics
Master of Business Administration in Cost and Management Accounting
Aspirants who have successfully completed higher studies in Accounting and Finance have a lot of job opportunities available in various sectors in our country. In Government firms you can enjoy several other perks apart from the attractive salary packages. Some of the common areas where you can find job openings include the following.
Customs department
Economic consulting jobs
Indian Economic services
Tax consultancy
Insurance industry
Actuaries
Export Companies
Banking sector
Financial firms
Stock Broking
Corporate finance
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Hi Roni,
Banking is one of the most sought after career choice among the students. It is an entry into a well paid, secure and status career. You can enter this profession through the below suggested:-
Besides MBA in Banking/Finance, I would suggest you to either sit for the Bank PO exams or pursue Diploma in Banking segment such as-
Investment Banking
Financial Planning and Wealth Management
Retail Management
Banking Operations
You can also enhance your career by picking industry oriented courses such as SAP (Financials and Controlling Module) or additional certifications offered by National Stock Exchange Certification in Financial Markets.
Visit https://banking.shiksha.com
To add more, following are the skills required to be a successful banker-
*Must be patient and friendly to all their clients.
*Considering the long and tiring hours of work, they must also be good at handling pressure and managing stress.
*Organisation skills and a detail-oriented attitude are absolutely necessary to prove your mettle in the banking field.
*Professionalism by way of appropriate and smart attire is also one thing that bankers can't do without.
*Along with the obvious requirement of solid math and problem-solving skills, they must also have people skills to deal with the variety of clientele their bank entertains.
Hope it helps. Please feel free to revert. Click on the thumbs up if you found this useful.
Wish You Luck!